Sedo - $150 scandal

[kev]

Hey there guys,

I had a $160 offer for a domain on sedo.com earlier today and I was shocked to find out Id have to pay $150 sedo fees for this name, leaving me with $10. Id actually have lost money as it was $12 transfer fee aswell! But sedo taking 93% of the offer is little short of disgraceful.

Any views

 

[mojojo]

have you mailed them?

 

[wow!]

why $150 fee? / what ext. is it?
and why you pay $12 transfer fee?
Usualy Sedo took from my sales 10% no minimum fee.

 

[faisj]

I would contact them about it asap.

http://www.sedo.com/about/contact.php3?tracked=&partnerid=&language=us

 

[kev]

i dont have a clue. I have emailed sedo just now and waiting for reply. It is a name with the .sc extension but should that make any difference? It was a low offer anyway as ive already had offers of 500 for it outside sedo.

 

[binaryman]

!!! CRAZY--But on their SEDO site it says the following
Listing a Domain on Sedo Free!
.com/.net/.org/.info/.biz/.us/.name/.li/.be/
.dk/.de/.at/.ch/.tv/.ws/.mx/.in/.cc/.to 10% of the sales price
[ minimum $50¹ ]
.co.uk****/.fr/.es/.nl/.ca/.se/.pl 10% of the sales price
[ minimum $100 ]
other domains 10% of the sales price
[ minimum $150 ]
¹ No minimum fee if the domain is parked with Sedo; only the flat 10% rate applies.

 

[kev]

it is parked on sedo so that decreases fees aswell. Sedo have some explaining to do

 

[binaryman]

Like I said... This is what it says on the sedo site-I cut and pasted it so it is quite clear

Listing a Domain on Sedo Free!
.com/.net/.org/.info/.biz/.us/.name/.li/.be/
.dk/.de/.at/.ch/.tv/.ws/.mx/.in/.cc/.to 10% of the sales price
[ minimum $50¹ ]
.co.uk****/.fr/.es/.nl/.ca/.se/.pl 10% of the sales price
[ minimum $100 ]
other domains 10% of the sales price
[ minimum $150 ]
¹ No minimum fee if the domain is parked with Sedo; only the flat 10% rate applies.

 

[Optinom]

yes. Sedo's minimum fee for "other" extensions is $150 minimum per domain. Its there on their fee page.

They have different fee rates for different extensions. The $50 thing & the 10% (if parked) dont go with all domains.

They have different schemes for TLDs, some premium ccTLDs, and other ccTLDs.

 

[kev]

that is ridiculous. Is there any other site to sell my domain on as Im not paying $150 to sell it!

 

[SamanthaModel]

About Sedo

Is this something new?

 

[Simsi]

Wow...thats not good Time to re-evaluate...i was going to anyway as Sedo still wont allow a buyer to search on one or two letters so my "3G" and "24" domains have zero chance of selling there.

Not good for buyers too - may explain why i rarely get lucky when i bid < $200 for odd extensions. Basically also devalues reg'ing lesser known TLDs unless its serious keywords i guess.

Interesting.

Simsi

 

[binaryman]

Yeah Simsi- I have same problem with my 4g and 3g and pc domains on sedo. They have promised to look into it but .... well I hope but.... yeah

 

[Simsi]

Yeah Simsi- I have same problem with my 4g and 3g and pc domains on sedo. They have promised to look into it but .... well I hope but.... yeah

Yup - they've been saying that since i first reported it in November. I reported it again early January and get the response "we're sorry we'll look into it" but still nothing has happened. i think it's time....

 

[khuldun]

Hmm.. thats not good, but did u have the domain parked at sedo or was it only brokerage of the domain? And is the deal through yet?

 

[bigg]

whoa..thats not good.

 

[fonzie_007]

I agree that $150 is an awful lot to take on commission for such a modest sale. However, you need to be careful to read the fine print and now before you accept an offer what your fees will be.

 

[stscac]

So park it at Sedo for a little bit.

That will enable the 10%-only.

-Steve

 

[fonzie_007]

Has anyone tried waiting for an offer to come through, then changing your DNS to park at Sedo so that when you accept the sale you can get the 10%? I am not positive this would work, but it may be worth a try.

 

[-db-]

It's not a "scandal".

A ridiculously high commission? YES. But not a scandal.

You agreed to the terms. If you didn't read the terms, you have nobody but yourself to blame.

For the record, I ran into a similar situation on an extension in the "other" category (.IN) and was told by 2 different SEDO reps that the fees are being adjusted soon on the Indian names, and a few more in the "other" category that do not require extra time or (paper)work.